CAR, the bull and bear case

Okay first the bull case for infinite CAR, which seems pretty clear: Oil high, flights expensive, still want to travel around, rental cars are the answer! Jet fuel shortage in Europe may cause major flight cancellations and disruption. So naturally the answer is the same, rental cars wooooo. Momentum. Market is unstoppable, so CAR is unstoppable. Short squeeze! but that is pretty weak now. There is very little left to squeeze. Gamma squeeze! I mean maybe.. but there is not much open interest in calls on this thing. Bear case: People who skip flights and go on road trips instead usually use their own cars. lol They already have approval for a 5 million share atm offering. They just have to pull the trigger on it. And if they don’t, expect lawsuits claiming breach of fiduciary duty - lawsuit would be because why the hell didn’t you issue shares when the company was experiencing the craziest short squeeze in its history?? The company needed that capital to have a shot at survival! When they issue those shares and expand the float by 5 million, the music stops. They know this, they are waiting to see how far their largest two shareholders are willing to push things before popping the bubble. About 80% of their revenue comes from airport rentals. And about 23% of their total revenue comes from Europe. Europe is weeks away from a huge jet fuel shortage. Even if oil starts flowing fully today, this shortage will still hit, and it will take months to recover from it. Which means big cuts to flights, which will also mean less rentals for CAR. It’s incredibly rare to see a move like CAR is having when serious impacts to the business are also only weeks away or less from materializing. CAR is a terrible company, they are shrinking both in yearly revenue and profit. They burn money, they don’t make money. Unless they pivot to mobile ai datacenters, they are shrinking long term. Fintel shows 1.7 dtc for the current short interest. Meaning short squeeze fuel is running out. When the squeeze started it was around 7.3 dtc. Market cap of 20 billion ish currently, debt of 34 billion roughly (total liabilities). Yikes. Yearly revenue has been shrinking for years. Yearly net income has been negative for years. They are not a turn around story. They are not growing. I think the bears win this one. So naturally it will run to $2k in a straight line, lol.